With the scanning and OCR categorization of 62 T-Slips and source documents, the first production release of DoxCycle for the 2012 tax season brings new efficiencies and paperless organization to professional tax preparer and accounting firms across Canada who are preparing for a busy tax season.
CALGARY, Jan. 26, 2012 /CNW/ - Trilogy Software Inc. announced today the release of the first production version of DoxCycle for the 2012 tax season. DoxCycle helps Canadian professional tax preparers electronically organize and manage tax source documents like T-Slips, receipts and statements.
"We're very interested in work-flow efficiencies that no software company is solving well, or at all," says Cameron Peters, CEO and Founder of Trilogy Software. "By leveraging new technologies such as .NET and Optical Character Recognition (OCR), we're able to bring a new level of productivity to tax accountants, where source document management is one of the largest challenges faced by a firm."
This is the first software product from Cameron Peters' new technology startup in Calgary; Cameron has spent the last 20 years in the Canadian accounting industry creating innovative new solutions for professional tax preparers, with companies like Cantax, Greenpoint and Intuit Canada & U.K.
DoxCycle trial versions can be downloaded from www.doxcycle.com. The production licensed version is also now available on the website.
DoxCycle allows tax professionals to gather and manage thousands of client documents through many sources: scanning, attachments from email, and dragging / dropping from folders. Features include the categorization of over 62 T-Slips and forms, DoxZoom, TaxLink, and Stamps / Annotations.
For Intuit Canada's ProFile T1 users, DoxCycle also includes the introduction of a new EZ-OCR feature that automatically populates tax return software data recognized on field level OCR (T4 slips supported).
Full details on the release can be found on the company's blog. http://trilogysoftware.blogspot.com/2012/01/new-doxcycle-release-speeds-up-review.html
News of this first DoxCycle release follows on the heels of Trilogy Software's announcement of a $3.3M private equity-funding round in November 2011. http://www.prweb.com/releases/2011/11/prweb8988203.htm
For further information:
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Calgary, AB T2R1M6